With all the Gap scuttlebutt of the past few weeks it is really no shock that after 4.5 years as President & CEO, Paul Pressler has been terminated.
According to a breaking news flash from WWD, his
tenure was marked by declining market share, negative sales across the Old Navy and Gap divisions, massive executive turnover, and
failed attempts to revive the brands through new marketing campaigns and
Chairman Bob Fisher, son of Gap Inc. founder
Don Fisher, has been named interim CEO. Anyone looking for a job?